Worst mutual funds of 4th June 2024: which mutual funds fell the most on election results day?
This article lists all the mutual funds that fell the most due to market volatility on 4th June 2024.
Worst mutual funds of 4th June 2024: which mutual funds fell the most on election results day?
Posted on 05 Jun 2024
Author: Sayan Sircar
7 mins read
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This article lists all the mutual funds that fell the most due to market volatility on 4th June 2024.
This article is a part of our detailed article series on the worst performing mutual funds in India. Ensure you have read the other parts here:
-
The worst performing equity mutual funds post-COVID: are you invested in these funds?
This article shows the funds and categories of mutual funds which have been the worst performers in since the 2020 market crash caused by COVID.
-
The worst performing mutual funds of 2023: are you invested in these funds?
This article shows the funds and categories of mutual funds which have been the worst performers in 2023.
-
Are you invested in these worst-performing mutual funds?
This article lists mutual funds with the worst historical performance over 3, 5, 10, 15, and 20 years.
-
The worst performing mutual funds of 2022: are you invested in these funds?
This article shows the funds and categories of mutual funds which have been the worst performers in 2022.
-
The worst performing mutual funds of 2021: are you invested in these funds?
This article shows the funds and categories of mutual funds which have been the worst performers in 2021.
Disclaimer: Fund names in this article do not constitute as recommendations to either enter or exit those funds.
📚 Topics covered:
- Which are the worst mutual funds of 4th June 2024?
- What should you do if you are invested in any of these funds?
- Full list of funds and their 1-day movements
The fund categories in this article are as per AMFI classification. The performance figures are from AMFI website. All funds in this article are of the Direct Growth Category: Do not make this mistake when investing in mutual funds.
Please use the find feature of your browser to locate the funds or categories you are interested in.
This article is a part of our series of Election Results 2024 coverage. Please read the previous parts here:
- Navigating Election Uncertainty: Should You Sell, Hold, or Buy More Stocks?
- 5.93% Fall in the Nifty: What Does Election Result Day Teach Us about Risk in Our Portfolio?
Which are the worst mutual funds of 4th June 2024?
Here are the worst 20 1-day falls on 4th June.
| Fund | Category | 1-D change |
|---|---|---|
| Invesco India PSU Equity Fund | Sectoral/Thematic | -14.78% |
| Aditya Birla Sun Life PSU Equity Fund | Sectoral/Thematic | -14.63% |
| HDFC Defence Fund | Sectoral/Thematic | -14.53% |
| Quant PSU Fund | Sectoral/Thematic | -13.64% |
| SBI PSU Fund | Sectoral/Thematic | -13.63% |
| ICICI Prudential PSU Equity Fund | Sectoral/Thematic | -12.74% |
| Motilal Oswal S&P BSE Enhanced Value | Index Funds | -12.53% |
| UTI Nifty 500 Value 50 Index Fund | Index Funds | -12.38% |
| HSBC Infrastructure Fund | Sectoral/Thematic | -11.06% |
| Canar Robeco Infrastructure Fund | Sectoral/Thematic | -10.86% |
| ICICI Prudential BHARAT 22 FOF | FoF Domestic | -10.78% |
| Invesco India Infrastructure Fund | Sectoral/Thematic | -10.73% |
| Sundaram Infrastructure Advantage | Sectoral/Thematic | -10.71% |
| BANK OF INDIA ELSS Tax Saver | ELSS | -10.59% |
| SBI Magnum COMMA Fund | Sectoral/Thematic | -10.47% |
| SBI Energy Opportunities Fund | Sectoral/Thematic | -10.46% |
| BANK OF INDIA Flexi Cap Fund | Flexi Cap | -10.39% |
| Bandhan Nifty Alpha 50 Index Fund | Index Funds | -10.21% |
| Tata Resources & Energy Fund | Sectoral/Thematic | -10.18% |
| UTI Infrastructure Fund | Sectoral/Thematic | -10.11% |
To understand what you should do with these worst performing funds:
What should you do if you are invested in any of these funds?
Your fund is an index fund
| Index | 1-D change |
|---|---|
| NIFTY 50 | -5.93% |
| NIFTY NEXT 50 | -9.34% |
| NIFTY 100 | -6.59% |
| NIFTY 200 | -6.79% |
| NIFTY 500 | -6.76% |
| NIFTY MIDCAP 50 | -7.76% |
| NIFTY MIDCAP 100 | -7.88% |
| NIFTY SMALLCAP 100 | -8.23% |
| NIFTY MIDCAP 150 | -7.11% |
| NIFTY SMALLCAP 50 | -7.45% |
| NIFTY SMALLCAP 250 | -7.45% |
If this is an index fund that is there in the above list, you should reconsider why you are invested in that particular index. Some of the broad indices and their change on 4th June 2024 are in the table above. The full list, from NSE website, is here.
Your fund is an active fund
You need to understand if your fund is consistently in the worst performer list. Here is our coverage of the worst mutual funds of the last few years:
- The worst performing mutual funds of 2023: are you invested in these funds?
- The worst performing mutual funds of 2022: are you invested in these funds?
- The worst performing mutual funds of 2021: are you invested in these funds?
If your fund is consistently underperforming, re-examine why you are holding it: When to Sell a Mutual Fund.
The above list is also a warning to those who believe in the concept of sectoral or thematic funds and the necessity of tactical enter/exit.
Full list of funds and their 1-day movements
The complete list of funds is here.
Related Articles
- Are you invested in these worst-performing mutual funds?
- The worst performing equity mutual funds post-COVID: are you invested in these funds?
- The worst performing mutual funds of 2022: are you invested in these funds?
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This post titled Worst mutual funds of 4th June 2024: which mutual funds fell the most on election results day? first appeared on 05 Jun 2024 at https://arthgyaan.com
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